News Topic: Sovereign Debt

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From the October 7 Financial Times, there's this opinion piece  by Elliott's Jay Newman. The gist of it is that, for more than a decade, Elliott has been uber-reasonable in trying to negotiate with Argentina, but that the country has simply ... Read full article

To the surprise of nobody, the Supreme Court rejected Argentina's June 2013 request to review the Second Circuit's October 2012 decision that it violated the pari passu clause in its defaulted bonds. The court gave no reason, which is normal. ... Read full article

No news as yet about whether the Supreme Court has reached a decision on Argentina's pending petition for certiorari. In the interim, however, the district judge decided to enter  this order . Recall that the injunction against Argentina includes a ... Read full article

We are in a brief pari passu hiatus while we wait for the Supreme Court to decide what it wants to do with Argentina's first petition for  certiorari and for the Second Circuit to decide the petitions for panel and en banc rehearing that have been ... Read full article

With little to add to Mark's wonderful analysis of the Second Circuit decision in NML v. Argentina and the ensuing crazy , my thoughts drift to settlement. ... Read full article

An update on where matters stand in NML v. Argentina : I don't see it listed on the court's calendar on PACER, but the parties reportedly had a meeting scheduled for this afternoon with Judge Griesa to discuss Argentina's plan to let ... Read full article

Just a few additional thoughts about reports that Argentina might allow exchange bondholders to swap into Argentine-law bonds . ... Read full article

The dust is nowhere near settled after the Second Circuit's blunt affirmance of the injunction against Argentina. ... Read full article

With about 30 seconds of wi-fi, here are my two cents on top of Mark's and Stephen's . This feels weirdly like a pox-on-all-your-houses decision. ... Read full article

No its not a existential question, but rather a question for our two experts on sovereign debt (I'm not one of them). ... Read full article

The opinion is out, and I'm happy to be asked back to Credit Slips to talk about it. The Second Circuit affirmed the injunction against Argentina... full stop. No changes to the list of third parties potentially subject to contempt sanctions, no ... Read full article

I wonder if this is how late night comedians feel about Anthony Weiner . He is, surely, the biggest gift that keeps on giving to their profession. On the other hand, it is summer, a time to relax and tell some knock-knock jokes ... but some people just ... Read full article

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Just when you thought the world's economic leaders were a bunch of spineless, viewless appeasers who would sell their nearest and dearest to mollify the scary monsters who would eat them anyway ...  France saves the day! ... Read full article

The IMF will not file an amicus brief urging the U.S. Supreme Court to intervene in the pari passu litigation--for now. This would not have been news had the IMF's intent to file not been announced last week, causing a rally in Argentina's ... Read full article